Stock Traders Purchase High Volume of Pier 1 Imports Put Options (PIR)
Pier 1 Imports, Inc. (NYSE:PIR) saw some unusual options trading on Tuesday. Traders acquired 13,696 put options on the stock. This is an increase of 3,063% compared to the typical volume of 433 put options.
Pier 1 Imports (NYSE PIR) opened at $5.20 on Friday. The company has a market capitalization of $429.84, a price-to-earnings ratio of 10.91, a P/E/G ratio of -12.07 and a beta of 1.85. Pier 1 Imports has a 12-month low of $3.96 and a 12-month high of $9.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.23 and a quick ratio of 0.43.
Pier 1 Imports (NYSE:PIR) last issued its earnings results on Wednesday, September 27th. The specialty retailer reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The firm had revenue of $407.61 million during the quarter, compared to analysts’ expectations of $406.32 million. Pier 1 Imports had a return on equity of 13.82% and a net margin of 1.61%. Pier 1 Imports’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. analysts predict that Pier 1 Imports will post 0.43 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new position in Pier 1 Imports during the second quarter worth $103,000. Oppenheimer & Co. Inc. raised its stake in Pier 1 Imports by 149.2% during the third quarter. Oppenheimer & Co. Inc. now owns 31,400 shares of the specialty retailer’s stock worth $132,000 after acquiring an additional 18,800 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Pier 1 Imports during the third quarter worth $172,000. Eagle Global Advisors LLC acquired a new position in Pier 1 Imports during the second quarter worth $175,000. Finally, SG Americas Securities LLC acquired a new position in Pier 1 Imports during the second quarter worth $178,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Stock Traders Purchase High Volume of Pier 1 Imports Put Options (PIR)” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/08/stock-traders-purchase-high-volume-of-pier-1-imports-put-options-pir.html.
Pier 1 Imports Company Profile
Pier 1 Imports, Inc is an importer of home decor and furniture. The Company’s operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of decorative accessories, furniture, candles, housewares, gifts and seasonal products. The Company’s categories of merchandise include decorative accessories and furniture.
Receive News & Ratings for Pier 1 Imports Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pier 1 Imports Inc. and related companies with MarketBeat.com's FREE daily email newsletter.